Greensborough vs West Footscray
Property investment comparison - Greensborough, VIC 3088 vs West Footscray, VIC 3012
Head-to-head across core investment metrics: Greensborough wins 2, West Footscray wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Greensborough | West Footscray |
|---|---|---|
| Median house price | $1.0M | $1.0M |
| Median unit price | $760K | - |
| Gross rental yield (houses) | - | 3.36% |
| Gross rental yield (units) | 3.76% | 5.22% |
| 1-year house growth | +2.5% | +0.6% |
| 3-year house growth | +5.5% | +14.3% |
| Vacancy rate | 1.2% | 1.7% |
| Population | 21,070 | 11,729 |
Greensborough vs West Footscray: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.0M in Greensborough and $1.0M in West Footscray.
Over the past year house prices moved +2.5% in Greensborough and +0.6% in West Footscray, so recent momentum favours Greensborough, although both suburbs recorded growth.
Looking back three years, Greensborough houses are +5.5% and West Footscray houses +14.3%, so West Footscray has compounded faster than Greensborough over the longer window.
Rental vacancy is 1.2% in Greensborough and 1.7% in West Footscray, so landlords in Greensborough face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Greensborough is the bigger suburb, with a population of 21,070 against 11,729, larger than West Footscray; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Greensborough for recent price momentum, Greensborough for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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West Footscray, VIC 3012
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